Citi News\u2019 <\/strong>Richard Dela Sky is at the Conference and\u00a0reported that\u00a0\u201cfacing a continuous economic down turn that continuous to dry up, many of Ghana’s revenue producing streams, Ghana needs all the revenues she can get from sources that are still making money in order to stay afloat economically.\u201d<\/p>\nSandrah Gantile, General Manager of Hess Ghana Exploration Limited in an interraction with Dela Sky said though oil prices have gone down, \u201cif you look at the flip side there is a benefit.\u201d<\/p>\n
\u201cIt\u2019s time to step back and look a lot at the services that you are using because a lot of the prices will also start going down \u00a0for the services that you use. \u00a0So if you are looking to contract a rig you might get that rig for a lot less than you would have in higher oil price environment. So we’re trying to look at it with positive views to what can we do during this time that will actually benefit us,\u201d she added.<\/p>\n
Meanwhile, the Petroleum Minister, Emmanuel Armah Kofi Buah welcomed the assurances.<\/p>\n
He further explained why Ghana was selected to participate in the conference.<\/p>\n
\u201cI think the story of Ghana and the reason why Ghana has been selected this year as one of the stars for this year\u2019s technology conference is that Ghana is a low cost producing country and we are trying to let the world know that \u00a0even in this challenging environment, the cost of exploring and producing oil in Ghana is comparatively cheaper.\u201d<\/p>\n
\u201cOur stable democracy, our transparent legal regime, our friendly environment, all of that is a factor. And I think the numbers also back it up. That is why even in this challenging time ENI continue to drive its seven billion investment, heirs continue in this challenging time, Tullow continue with TEN and others,\u201d he added.<\/p>\n
–<\/p>\n
By: Godwin Akweiteh Allotey\/citifmonline.com\/Ghana<\/p>\n